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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Oeconomicus who wrote (60136)10/1/2002 12:52:39 PM
From: Real Man  Read Replies (1) | Respond to of 94695
 
$3 trillion of foreign debt (real, not notional $) trying to get out of US treasury bonds as $ goes lower, $ swaps get in trouble, $ crashes, interest rates rise, interest rate swaps get in trouble, then a default on interest rates swaps, $trillions of foreign money is now running away from US assets. 100% yearly t-bill rates and a 5-fold dollar collapse. How does this sound?

I guess, the dollar does not crash because the $40 billion per month trade deficit is being papered upon with dollar swaps.